How Much Should You Save For Retirement?

One of the most important steps you can take as a retirement saver is to figure out

how much money you’ll need. Finding out is easy with the help of Vanguard’s

How Much Should I Save for Retirement? online calculator. Spend a few minutes entering some information about yourself, and the calculator will give you an approximation of how much you’ll need. Plus, if you are not on track, you’ll learn how much more you need to save.

Saving tips

If you’re worried that you can’t afford to save more, try this approach:

• Contribute a small amount to your plan now.
• Increase your contribution each year by 2%.
• Boost your retirement savings by dedicating pay increases to the plan.

Take the next step

It’s best to start saving as soon as possible, but it’s never too late. By joining and making contributions to your Christian Brothers retirement plan, you pay yourself first through convenient payroll deductions, defer paying taxes until you withdraw money, and take full advantage of the power of compounding.

Contact your Benefits Office today to enroll or increase your contributions to the plan.

You’ll be glad you did!

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